"Ramaphosa re-elected as South African President"

" \r\n\r\n Ramaphosa re-elected as South African President \r\n\r\n \r\n \r\n \r\n\r\nCyril Ramaphosa was reelected as South Africa\u2019s president, hours after his African National Congress agreed a power-sharing deal with business-friendly opposition parties.\r\n\r\nRamaphosa won 283 of the votes cast by members of National Assembly on Friday night, and Economic Freedom Fighters leader Julius Malema 44. Parties including the Democratic Alliance and Inkatha Freedom Party supported the incumbent\u2019s candidacy for another five-year term, and in exchange will be allocated cabinet posts and key positions in the legislature.\r\n\r\n\u201cThis is a historic juncture in the life of our country, which requires that we must work and act together to entrench our constitutional democracy and the rule of law, and build a South Africa for all of its people,\u201d Ramaphosa said after his election in Cape Town. \u201cIt is with this in mind that I declare that I accept the mission you are giving me.\u201d\r\n\r\nThe FTSE\/JSE Africa All Share Index rose 0.9% on Friday following the formation of the broad alliance, while the rand gained as much as 0.7% to 18.305 per dollar.\r\n\r\nSouth Africa has been in political flux since May 29 elections, when the ANC lost its parliamentary majority for the first time since it took power three decades ago, garnering slightly more than 40% of the vote. While the ANC proposed the country be ruled by a broad alliance known as a government of national unity, former President Jacob Zuma\u2019s new uMkhonto weSizwe Party and the leftist EFF refused to join, leaving the DA, IFP and other smaller parties as its members.\r\n\r\nThe 400-member assembly earlier elected the ANC\u2019s Thoko Didiza, a former agriculture minister, as speaker and the DA\u2019s Annelie Lotriet as her deputy. Ramaphosa is due to be inaugurated on June 19 and announce his cabinet soon thereafter.\r\n\r\nThe participants are united in their shared respect for the constitution, and will work together to grow the economy, create jobs and tackle crime, DA leader John Steenhuisen said in a speech on the party\u2019s YouTube channel. Positions in the cabinet and legislatures will be allocated broadly in proportion to the parties\u2019 share of seats, although appointments have yet to be discussed, he told reporters.\r\n\r\nThe makeup of the ruling coalition has buoyed financial markets because the new administration is likely to back Ramaphosa\u2019s efforts to rein in state debt and tackle power shortages and logistics snarl-ups that have hobbled Africa\u2019s biggest economy. The exclusion of parties that support land expropriation and the nationalization of mines and banks will also help shore up investor sentiment.\r\n\r\nA framework for the new government is still being worked out, and it\u2019s unclear which small parties will join, with the situation still \u201cvery fluid,\u201d ANC Secretary-General Fikile Mbalula said in an interview.\r\n\r\n\u201cThe next phase will be to form a national dialog with all parties in the government of national unity in which policy will be hammered out,\u201d said Corne Mulder, chief whip of the Freedom Front Plus, the seventh-largest party. These discussions won\u2019t include any changes to the constitution.\r\n\r\n\u201cWe may have an interim cabinet until that national dialog is concluded,\u201d Mulder said. \u201cAlthough Ramaphosa wants to reduce the size of the cabinet, he may be forced to keep it at the current numbers in order to accommodate everybody.\u201d\r\n\r\nThe durability of the governing coalition will be put to the test over coming months, given the historically fractious relations between its members.\r\n\r\nThe ANC has previously sought to portray the DA as representing the interests of big business and South Africa\u2019s White minority, and has in turn been accused of governing ineptly and failing to tackle endemic corruption. And the ANC and IFP fought an undeclared civil war in the 1980s and 1990s that was fueled by the apartheid regime and claimed thousands of lives before a truce was declared.\r\n\r\nPower-sharing at municipal level has also been problematic. Control of several of South Africa\u2019s main cities that are ruled by multiple parties has repeatedly changed hands as allegiances have shifted, and the instability has caused the delivery of water, refuse removal and other services to grind to a near-halt.\r\n\r\nOne of South Africa\u2019s most experienced politicians, the 71-year-old Ramaphosa will play a central role in trying to ensure the new administration runs smoothly and endures. He trained as a lawyer, co-founded the National Union of Mineworkers and established a reputation as deft negotiator when he led the historic talks that ended apartheid and produced the nation\u2019s first democratic constitution.\r\n\r\nHe was appointed president in February 2018 and faced the formidable tasks of fixing an economy hamstrung by years of mismanagement, policy uncertainty and an energy crisis, addressing a chronic lack of jobs and tackling the graft that became institutionalized during his predecessor\u2019s tenure.\r\n\r\nHe made some headway, firing a number of officials implicated in corruption and instituting several reforms, but power shortages, inept state institutions and the coronavirus pandemic have hindered efforts to engineer a turnaround.\r\n\r\n \r\n "

"Ramaphosa re-elected as South African President"

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